Germany's BSN Medical Acquires Wright Therapy Products.
M2 EQUITYBITES-November 30, 2015-Germany's BSN Medical Acquires Wright Therapy Products
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30 November 2015 - German health care company BSN Medical has acquired US-based Wright Therapy Products, Inc., a manufacturer of compression therapy systems, the company said.
BSN said that the acquisition makes it a full solution provider of lymphedema care products and will expand its portfolio of solutions used to treat chronic venous insufficiency.
This latest acquisition aligns with BSN's recent purchases of FarrowMed and JoViPak to fortify the therapeutic solutions offered to patients while strengthening its wound care and vascular business.
Wright Therapy Products, headquartered in Oakdale, Penn., develops, manufactures and sells pneumatic compression therapy devices for the treatment of lymphedema and chronic venous insufficiency.
As part of the acquisition, BSN obtained Wright Therapy Products' unique Comply Caredisease management program, established to partner with patients to help them achieve their therapeutics goals.
The company will also benefit from Wright Therapy Products' existing direct sales force in the US, as the field teams have built strong relationships with lymphedema therapists, wound care clinicians, vascular and venous care clinics, and Veteran Affairs hospitals.
Wright Therapy Products will become part of BSN's wound care and vascular franchise.
Financial details of the transaction were not disclosed.
BSN medical is a specialist in wound care and related vascular diseases, lymphology and non-invasive orthopedic products.
Founded in 2001, the company currently employs approximately 5,500 members of staff, and generated revenues of EUR 762m in 2014.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Nov 30, 2015|
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